Ningbo Runhe High-Tech Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:05 am EDT
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Ningbo Runhe High-Tech Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 306.1 million compared to CNY 252.41 million a year ago. Net income was CNY 25.56 million compared to CNY 20.71 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.16 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.16 a year ago.
Ningbo Runhe High-Tech Materials Co Ltd is a company engaged in research, development, production and sales of organic silicon deep processing products and textile printing and dyeing auxiliary products. The Company operates two segments. The Silicone Deep Processing Products segment provides silicone oil, silicone rubber, silicone resin, silane coupling agent and other products, which are used to manufacture cosmetic raw materials, agricultural silicone products, light-emitting diode (LED) encapsulant and glass fiber reinforced materials. The Textile Printing and Dyeing Auxiliary segment provides pretreatment aids, such as softeners, water repellents and stiffeners; dyeing and printing aids, such as dispersants, levelling agents and fixing agents; and finishing agents.